An Allegiant Air flight out of Orlando-Sanford International Airport was forced to make an emergency landing on April 22 after it suffered a problem with a critical control surface that caused a worrisome vibration in the aircraft.
Flight 736 took off at 9:13 a.m. headed to Bangor International Airport in Maine with 173 passengers and crew. During the climb out of central Florida, the pilots reported vibrations with the airframe of the McDonnell Douglas MD-80, according to an internal Allegiant memo obtained by the Tampa Bay Times....
ST. PETERSBURG — Duke Energy Florida needs a little bit more of your money.
The utility announced this week that it is seeking the recovery of $82 million in costs associated with the cancelation of its Levy County nuclear power plant. If approved by Florida utility regulators later this year, electric rates for Duke's 1.7 million customers would rise $2.51 monthly for 1,000 kilowatt-hours of usage. That's considered the kilowatt usage for the average home....
A payment-processing glitch by the health care insurer Florida Blue caused overcharges for about 9,500 people, Florida Blue confirmed late Tuesday.
The problem caused customers to be charged multiple times for the same bill, the company said. The nonprofit company found out about the glitch Monday and immediately started working on a fix.
ST. PETERSBURG — A Pinellas Park company said its future is endangered and $1.2 million in annual sales lost because it did exactly what a big client told it to do.
In this case, Duke Energy Florida told Carlwood Safety Inc., a supplier of safety, industrial and janitorial suppliers, to cooperate fully with a consultant that was helping Duke in its acquisition of Progress Energy by integrating the two utilities' supply lists, Carlwood said. That merger was completed on July 3, 2012....
TAMPA — Two lawsuits; two seemingly contradictory claims.
In the one suit filed in Hillsborough County on April 14, DeBartolo Development, the Tampa-based builder and real estate investment company, is accused of "sabotaging" a lucrative venture with partners in a $150 million project by withdrawing its cooperation and use of its name to raise money.
The cost of the scuttled deal with Mainstreet Capital Holdings, Mainstreet's suit said, is more than $20 million in anticipated investor profits involving the development of apartment complexes. The suit said DeBartolo fraudulently scuttled that deal and misrepresented itself....
The profits keep on rolling in for feisty Allegiant Air even as the airline moves to buy new airplanes and retire its fleet of aging MD-80s.
The Las Vegas-based airline announced Tuesday afternoon its 57th consecutive profitable quarter with net income of $41.6 million for the first three months. Though that was down nearly 42 percent from last year's $72 million, a good piece of that decline is tied to the higher labor costs associated with the airline's new pilots contract....
TAMPA — The energy conglomerate Emera promised to appoint a local board of directors when it acquired TECO Energy in late 2015 in a $10.4 billion deal. The idea was to keep close ties to the community.
On Tuesday, Emera kept that promise as it announced a board of well-known local and state community and business leaders to oversee operations of Tampa Electric and TECO Peoples Gas which together serve 1.1 million customers in Tampa Bay and across Florida....
Tampa Bay's job market is flexing a little muscle after a moribund couple of months.
The region's unemployment rate fell to 4.1 percent in March — down a half percent from February and from 4.5 percent a year ago — as its 44,000 job openings led all metros statewide in job demand.
Florida's economic pulse did not beat as quickly.
The state's unemployment rate dropped from 5 to 4.8 percent in March compared to February but is down just a tenth of a percent from a year ago, according to figures released by the state Friday. The state added only 6,200 jobs from February to March but is up 146,100 for the year, state figures show. The state's unemployment rate still trails the nation's, which stood at 4.5 percent in March....
ST. PETERSBURG — Continuing a growth curve that is showing no sign of abating, St. Petersburg-based Raymond James Financial announced this morning that it is buying Kansas City-based Scout Investments from the UMB Financial Corp. in a $172.5 million deal.
The agreement includes Scout's Reams Asset Management division, and Raymond James said in a news release Scout and Reams would join its subsidiary, Carillon Tower Advisers, a global asset management firm....
TAMPA — At Tampa International Airport, looking to the future is a bit like a mother planning for a child's growth spurt while trying to keep him in the same size sneakers.
The airport's footprint isn't getting any bigger. But my, how the passenger numbers are growing.
Airport officials Tuesday unveiled the $543 million second phase of its massive expansion project that includes express curbside drop-off for passengers without checked bags and the commercial development of 17 acres of airport property....
CLEARWATER — It was an attractive package that helped lure Charles D. Hartwig away from his job at the giant conglomerate, Johnson & Johnson, to become chief information officer at Clearwater-based Lincare, a provider of in-home oxygen and respiratory services.
A base salary of $325,000 a year. A $50,000 signing bonus. An annual bonus of up to $130,000. And Lincare agreed to pay all his expenses to move his family from their New Jersey home....
TAMPA — Atlas IP is a Miami company incorporated in 2013 with just one asset on its books — Patent 5,371,734, nicknamed Patent 734.
The patent was issued in 1994 and describes one of the ways wireless networks communicate.
Here's the thing about Patent 734: It expired a month before Atlas' corporate birth.
What followed Atlas' acquisition of this patent was a litigation storm. In 2013, Atlas began suing medical device makers whose products used wireless technology, including cardiac monitors and insulin pumps. Atlas acquired the patent for $50,000, then sought $1.2 billion in damages from one medical device maker....
ST. PETERSBURG — Times have been good for Florida utility customers reaping the reward of falling fuel prices in recent years.
Times are changing. Duke Energy Florida customers will see monthly bills rise about $6 on average under a mid-year residential rate increase that the North Carolina-based utility blames on rising prices for natural gas and coal.
Duke Energy Florida said the increase it proposed Thursday — about $5.99 a month per 1,000 kilowatt hours — would bring the total 1,000-kwh cost to $123.23 monthly, or a 5 percent hike....
Florida's citrus industry continued to take its lumps from a destructive bacterial disease as the state's grapefruit harvest forecast was reduced Tuesday by 800,000 boxes to 8.1 million, a new report shows.
But the news isn't all gloomy with the orange crop holding steady at 67 million boxes in a revised forecast release by the Florida Agricultural Statistics Service.
"It's a tough hit for Florida's grapefruit growers who have been so committed to fighting pest and disease to maintain this staple of Florida's economy. Florida grapefruit is, by far, what world consumers seek out for its unique flavor profile, sweetness and juiciness," said Shannon Shepp, executive director of the Florida Department of Citrus....
Allegiant Air and a robust spring break propelled St. Pete-Clearwater International Airport to a record-breaking March as its monthly passenger traffic exceeded 200,000 for the first time ever, the airport said.
Nearly 207,000 passengers used the airport in March, up 12 percent from March 2016 and beating the previous monthly record of 194,000 set last July.
It's the airport's 25th consecutive record-breaking month....